Decent bounce today off the 13day MA for eurusd, but big resistance above tho coming ... 34ma at 11302, 8 day at 11308, 50 day at 11309, 5 day at 11320.. hugely congested area to get through.. tempting short with stops above this levels.
Comment:
eurusd fallen this morning, showing a failure of the moving averages mentioned yesterday. need to take out yesterdays low and then we are targeting the 100 day moving average just above 112 and then the lower trend line
Comment:
100 day MA now gone, next target lower trend line at 111.60
